Friday, February 8, 2008

More Then you Expect on Forex Market...

Hi Traders

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The Australian Dollar (AUD)- was choppy on the back of other majors, as growing concerns of tighter global conditions, and dovish moves/comments from other central banks. However with equity prices in the black, the AUD found support once again on a return to high yielder. Overall the AUDUSD traded with a low of 0.8871 and a high of 0.8976 before closing the day at 0.8944 in the New York session
USD/CHF-We are at the beginning of an upward channel on the 4 H chart. RSI and momentum are positively sloped indicating further potential bullish movement. However the stochastic slow is crossing at the 70 mark indicating that this pair may have slightly slipped into overbought territory. Target price today will be the 1.1100 level...

P.s.Good luck if you betting

Forex.DelijaWorld.com

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